Lane Generational LLC Purchases Shares of 95,457 Flywire Corporation $FLYW

Lane Generational LLC purchased a new stake in Flywire Corporation (NASDAQ:FLYW) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 95,457 shares of the company’s stock, valued at approximately $1,292,000. Flywire accounts for approximately 1.1% of Lane Generational LLC’s portfolio, making the stock its 21st biggest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GDS Wealth Management grew its position in shares of Flywire by 9.0% during the 3rd quarter. GDS Wealth Management now owns 1,039,320 shares of the company’s stock valued at $14,072,000 after acquiring an additional 85,411 shares during the period. Norges Bank purchased a new position in Flywire during the second quarter worth approximately $2,334,000. Walleye Capital LLC boosted its position in Flywire by 206.0% during the second quarter. Walleye Capital LLC now owns 462,665 shares of the company’s stock worth $5,413,000 after purchasing an additional 311,448 shares in the last quarter. First Eagle Investment Management LLC acquired a new stake in Flywire in the second quarter valued at approximately $1,363,000. Finally, Pekin Hardy Strauss Inc. purchased a new stake in shares of Flywire in the second quarter valued at approximately $421,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Flywire Price Performance

Flywire stock opened at $12.60 on Friday. The company has a fifty day simple moving average of $14.03 and a 200-day simple moving average of $13.24. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of -629.69, a PEG ratio of 1.46 and a beta of 1.28. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.02. Flywire Corporation has a 52-week low of $8.20 and a 52-week high of $21.31.

Flywire (NASDAQ:FLYW) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. Flywire had a negative net margin of 0.42% and a positive return on equity of 0.80%. The firm had revenue of $194.10 million for the quarter, compared to analyst estimates of $180.07 million. During the same period in the previous year, the business posted $0.30 earnings per share. Flywire’s quarterly revenue was up 27.6% on a year-over-year basis. On average, equities analysts anticipate that Flywire Corporation will post 0.14 EPS for the current fiscal year.

Analysts Set New Price Targets

FLYW has been the subject of several research analyst reports. Truist Financial set a $17.00 target price on Flywire in a research report on Tuesday, January 20th. Wolfe Research restated an “outperform” rating and set a $19.00 price objective on shares of Flywire in a research report on Wednesday, November 5th. Wall Street Zen downgraded shares of Flywire from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Weiss Ratings reissued a “sell (d)” rating on shares of Flywire in a research note on Thursday, January 22nd. Finally, Zacks Research raised shares of Flywire from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. Six analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $15.73.

Insider Transactions at Flywire

In other news, General Counsel Peter Butterfield sold 13,327 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $15.01, for a total value of $200,038.27. Following the completion of the sale, the general counsel directly owned 374,933 shares in the company, valued at $5,627,744.33. This represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Voss Capital, Lp purchased 181,121 shares of the business’s stock in a transaction that occurred on Tuesday, December 30th. The stock was bought at an average cost of $14.15 per share, with a total value of $2,562,862.15. Following the acquisition, the insider owned 9,625,009 shares of the company’s stock, valued at approximately $136,193,877.35. The trade was a 1.92% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 39,526 shares of company stock worth $583,717 in the last ninety days. Insiders own 4.40% of the company’s stock.

About Flywire

Flywire Corp (NASDAQ: FLYW) is a global payments enablement and software company that specializes in facilitating complex cross-border transactions. Its cloud-based platform streamlines receivables and payer workflows across key verticals including education, healthcare, travel and hospitality, and commercial services. Flywire’s technology integrates with institutional systems to automate payment posting, reconciliation and reporting, aiming to improve the payer experience and accelerate cash flow for its clients.

Founded in 2009 by entrepreneur Iker Marcaide as peerTransfer, the company rebranded as Flywire in 2015.